HONOR FOR LIFE FOUNDATION INC (EIN 852239259) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JOE MUSSELMAN

Phone

6199166421

Tax Period

2024-01-01 to 2024-12-31

HONOR FOR LIFE FOUNDATION INC, founded in 2018, is a micro nonprofit that reported $4K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $265K exceeded revenue, resulting in a 6546% operating deficit.

Mission

THE HONOR FOR LIFE FOUNDATION IS SEEKING TO RAISE AN ENDOWMENT TO ACCELERATE THE SUPPORT THE HONOR FOUNDATION PROVIDES TO SPECIAL OPERATIONS FORCES COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,250

Program Service Revenue $0

Investment Income $0

Other Revenue $2,745

TOTAL REVENUE $3,995

Expense Breakdown

Grants Paid $265,488

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,488

Other Expenses $0

TOTAL EXPENSES $265,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,995	$2,000	+1.0%
Expenses	$265,488	$63,918	+3.2%
Net Income	$-261,493	$-61,918	+3.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MUSSELMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
LARRY SOLOMON	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL NAGATA	SECRETARY	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,995	$265,488	No data	$-261,493
2023	$2,000	$63,918	$262,468	$-61,918
2022	No data	$36,858	$341,302	No data
2021	$405,986	$45,716	$360,270	$360,270
2020	No data	No data	No data	No data
2020	No data	$6,999	$382,888	No data
2019	No data	No data	No data	No data

HONOR FOR LIFE FOUNDATION INC